One of the most frightening things a journalist learns on arrival in the US capital is how little so...
One of the most frightening things a journalist learns on arrival in the US capital is how little some of the elected officials know about economics and markets. It doesn't seem to be asking too much for politicians to understand the basics of supply and demand. They are, after all, the people entrusted with tax dollars. After a while, one becomes hardened to 'econlexia'. Yet, every now and then a lawmaker steps to the microphone with a clueless question that brings it all back. Congresswoman Carolyn Maloney did just that last week, as she grilled Federal Reserve chairman Alan Greenspan o...
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